cash equivalent

Other forms: cash equivalents

Definitions of cash equivalent
  1. noun
    a highly liquid debt instrument with maturities of less than three months
    see moresee less
    types:
    commercial paper
    an unsecured and unregistered short-term obligation issued by an institutional borrower to investors who have temporarily idle cash
    type of:
    certificate of indebtedness, debt instrument, obligation
    a written promise to repay a debt
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